Category: Company Setup in Dubai

Basic steps to set up a business in Dubai

Business in Dubai

 

Basic steps to set up a business in Dubai

Are you thinking of starting your business in Dubai? Congratulations, you have chosen one of the best business ecosystems in the world for your new endeavor. Dubai is more than mere a city of architectural marvels– it is one of the most fertile grounds for new businesses. This is just one of the many things that make the commercial capital of UAE the best place to live and work. And as for starting up a business here, there’s no question that there’s a lot of potential to be tapped here in Dubai. So, if you are eager to set up your own enterprise, this article will help explain what you need to know and do to get your company registered and off the ground.

We have equipped this article with necessary links to guide you about the process and documentation required. Take a good look at the below before you kick off the actual process- the good news, though, is that on average, if you are ready with all required documents, it takes less than 10 days to start your company in Dubai. So, let’s start!

But before you start your legal formalities, you need to consider some elements required in the process:

  1. Know your business

    The success of a great business venture depends on sound knowledge of the local region, thorough research into the viability and demand for your product or service and a credible business plan that is likely to attract investment partners.

    Yes you have a great idea, but is there a demand for what you are offering? What does your competition look like and what puts your business offering a notch above the others?

     

  2. Select a Location that optimizes suitability, convenience, and costsAnother important step in planning a business startup in Dubai is to determine the most suitable location for the business. Setting up a profit-based enterprise in the city wouldn’t do you much good despite the growing economy if you’re customers or clients can’t reach you.You need to set up your business in an area that is most profitable for your business or most convenient to your business. A location in the right city can be selected for a shop or an office is most known for the type of product or service you are dealing with.If you are planning a Free Zone company then you must make the selection based upon the criteria of distance, costs and if it is suitable for your product, business model, and trade requirements.A tenancy contract must be concluded. If you’re aiming to start a small-scale enterprise, then the basic amenities, like telecommunication, storage, and space inside the establishment is the basic concern that must also be satisfied. Other services available in the commercial property can vary greatly.
  3. Financial viability

    Once you business is registered, the Ministry of Commerce will require owners to show proof of financial investment. If you are new to the region and have no track record, you must be prepared to find your own financial resources through your bank or by other means rather than relying on local support.

    Once you have established the validity of your concept, from a marketability stand point as well as financial viability, you can now look at the steps for turning your idea into a booming business.

    UAE Commercial Companies Law and Federal Law define seven basic categories of business organization that can be established in Dubai and the UAE. The requirements for minimum capital levels, shareholders and procedures for incorporation will vary with the type of business structure.

  4. Changes to Foreign Ownership and Visa Rules Announcement

    Anyone coming into the UAE as a professional or as an investor is typically granted a residence visa of two years, which is renewable. This has now been changed to a ten-year visa for investors and professionals in highly skilled fields such as engineering, medicine and science. Students will be given a special five-year visa, while those who consistently perform well and earn top grades will be granted a ten-year visa as well.

    Another very significant change is in the ownership of companies.Businesses within the UAE are divided into two main categories: mainland businesses and freezone businesses.

    At present, mainland businesses can be partially owned by expatriate entrepreneurs, but must have a UAE national as a majority shareholder in the company. Freezone companies, on the other hand, can have full foreign ownership and are subject to separate regulations depending on the freezone.

    With the new regulations, every business, whether mainland or freezone, will be able to have 100% foreign ownership without the need for an Emirati partner.

  5. Confirm your Visa eligibility and requirementFor a business startup in the UAE, a visa permitting you and employees to live in UAE is essential to run your business.Visas are allowed for almost all businesses.However, their number varies according to a variety of criteria such as the size of the office, nature of the business, the category of the employee or the investor. 

    Documents Required for LLC

    • Investor’s passport copy
    • Local Sponsor’s passport copy
    • Manager’s Passport copy
    • Registration application form from Economic Department
    • Trade name reservation
    • Initial approval from Economic Department Tenancy contract for the Office/warehouse or showroom attested by planning department and civil defence department of Dubai municipality along with location plan.
    • Memorandum of Association duly attested from public notary.

    Documents Required for Professional firms

    • Parent Business formation certificate duly attested from the UAE embassy in the home country of the parent organisation.
    • Board resolution for establishing a branch and to appoint the manager for the same
    • Attested copy(from UAE Embassy) of organisation memorandum / articles of association
    • Financial statements for the last two years
    • Local service agency agreement duly notarised in the UAE courts
    • Passport copy of the local service agent
    • Passport copy of the Manager
    • Company profile
    • NOC letter in favour of the Manager from the sponsor, if he is a resident of the UAE
    • Company Registration in Dubai, UAE

      Businesses of any category operating in the UAE must have a license for registering into the business network of the country. Company registration in UAE requires a trade license and permission from different law enforcement agencies and the state government for setting up your business. Company registration in Dubai for businesses like financial services, food, health services, printing and publishing requires a lot more clearance than any other business.

      Company registration in UAE falls into following three categories depending on the nature of your business:

      1. Company Registration in Dubai, UAECommercial License – This license is issued to those companies who are just looking for trading business activities.
      2. Industrial License – This license is for those companies who will engage in manufacturing or other industrial activities.
      3. Professional License – This license is issued specifically for different service providers, artisans, craftsmen and other professionals.

      For the company registration in Dubai, the Department of Economic Development (DED) of UAE issues the required licenses.

  6. Get a License Notification

    There are many complex requirements associated with the issuing of the business license. The company registration in Dubai for financial services must need the approval of the Central Bank of UAE. The license for the manufacturing companies requires approval from Industry ministry of UAE. Similarly, the medical service providers require approval from the Health Ministry of UAE .Once the necessary documents are obtained and formalized, the initial application process will begin at the relevant issuing authority along with registering the company’s formal name. This crucial stage paves the way for clarification of the final fees and the final acceptance of the company’s proposed activities.

  7.  Hire a registration agent to take you through the process of business startup

    Hiring a business advisory firm to register your business startup may be your best option.

    These consultants will not only hold your hand right through the setup process but will also actually register the company for you. And will help with opening your bank account, arrange for an auditor, do your renewals and offer you nominee services.

    You may find their expertise in dealing with the local government bureaucracy and with Free Zone Authorities to be of great help in planning and itemize your business startup costs.

    In most cases, these firms offer a team of experts to plan out your company registration from scratch — this includes the strategies you need to follow in order to smoothly set up your business, itemizing potential costs, offering licensing and location options, coming up with solutions for potential business hurdles, and so on.

    Also, they will take care of all the necessary requirements to help you to have your business registered legally with minimal problems on your end.

     

    If you are looking for trading in any of these industries in Dubai or any other, then we can give you the best advice for your company registration in UAE.                                                                                              For more details visit :http://www.namaccountants.com/                                                                        or                                                                                               Contact us : 971-558876440

Reasons To Start Your Own Business In The UAE

 Reasons To Start Your Own Business In The UAE

 

Why Choose Dubai As An Investment Location?

The Dubai economy enjoys a competitive combination of cost, market and environmental advantages that create an ideal and attractive investment climate for local and expatriate businesses alike. In fact, these advantages not only rank Dubai as the Arabian Gulf’s leading multi-purpose business center and regional hub city, but they place it at the forefront of the globe’s, dynamic and emerging market economies.
Dubai, with its ancient commercial and seafaring traditions, has long been recognized as the Middle East region’s leading trading hub and has emerged as its key re-export center. In more recent years, the Emirate has become a major venue for a number of growing, profitable industries and activities .

 

Political And Economic Stability: Dubai is part of the UAE which is a low-crime and politically-stable country. Also, the UAE enjoys financial and monetary stability. Its well-developed, sophisticated banking system features ,extensive credit facilities and ample liquidity. The Emirate’s emerging capital markets are built on a basis of leading-edge technologies and sound regulatory systems. The government has a long, consistent commitment to pro-business, liberal economic policies including the protection of intellectual property rights. The UAE benefits from stable and harmonious industrial relations. Finally, there is a well defined, sound legal framework for business and a clear set of ownership rules. Foreigners are permitted ownership rights of up to 49% for limited liability companies established within the Emirate of Dubai and up to 100% for professional companies, branches and representative offices of foreign companies and free zones enterprises. All of these factors reflect positively in Dubai’s being assigned an investment grade rating for fixed income investment by Moody’s Investors Service.

 

Large, available workforce

One of the biggest struggles when starting up any new enterprise is finding the right people to work with. Dubai wins again. Its liberal and cost-effective labour laws, along with its desirable working location, make it both easy and – perhaps most importantly – rather affordable, to recruit employees from almost anywhere in the world. The ease at which expatriate workers – who make up a staggering 90% of the city’s labour force – can enter and exit the UAE also makes it easier for businesses .

Ease of starting your own business

New markets, new consumers, the rise of Internet technology – Dubai is a land of booming opportunities.

A recent survey by HSBC revealed that Dubai is ranked second-best city in the world after Singapore for expats looking to start a business. The survey highlights that the UAE’s entrepreneurial environment, job prospects and better salaries as primary factors attracting expats from across the world.

“Despite the volatility in the global economy and insecurity in job markets, the UAE’s diverse business landscape and its position as a hub in the Middle East means that it continues to be an attractive destination for expats from across the world,” .

No Taxation. 

The UAE’s economy in general is considered to be the most liberal and most diversified in the region. Dubai applies NO TAXATION policy for almost all types of business activities with exception of branches of international banks, hotels and major oil and gas companies. The following taxes are NOT applied in Dubai:

  • Personal income tax;
  • Capital gains tax;
  • Value-added tax;
  • Withholding tax;
  • Corporate tax.

Dubai Free Zones.

 Free Zone is a designated tax-free area, where foreigners can set up and do business in Dubai with full ownership and without partnering with a local emirati partner or agent. All Free Zones vary from one to another and offer licenses in various sectors. For example, there is a Free Zone for healthcare providers (Dubai Healthcare City or DHCC); there is a Free Zone for educational and training institutions (Dubai Knowledge Village); there is a Free Zone for media companies (Dubai Media City), there is a Free Zone for financial institutions and services providers (Dubai International Financial Center or DIFC) and many others. There are more than 20 Free Zones currently operating in Dubai itself.

Residency Visa.  

If you have a company in Dubai and in other Emirates of the UAE in general, you will be eligible to get a UAE Residency Visa for yourself, your family members and for your expatriate employees. Having a UAE Residency Visa will give many benefits such as:

  • you can open a current account in UAE Banks
  • you can lease an apartment for long-term basis
  • you can enter/exit to/from UAE multiple times
  • you can get visas for other countries  more easily as a resident in the UAE.

 

Logistics and Infrastructure

Dubai enjoys the position of a significant player in international trading and transport logistics. It has the advantage of its inherent strategic location on the globe. Dubai is in the middle of far east and Europe and situated at the crossroad of international trade between east and west. Due to its geographical location, Dubai is considered to be the gateway to the world’s most progressive markets, including Africa, India and china.

 

  • Air

Dubai offers immense facilities in air transportation and air cargo. Dubai has two airports Dubai international airport and Dubai World Central (Al Maktoum International Airport). Dubai international airport is one of the busiest international airports in the world. It has world’s largest cargo hub known as cargo village, most of the cargos for Asia & Africa are using this cargo village. Dubai world central is operational but it is still in developing phase. DWC is located in Dubai south district which is also future home for expo 2020 site. Once completed and start operation in full capacity it will become world’s largest airport and multi-model logistic hub with the capacity of 160 million passengers and 12 million tons of cargo per year. DWC is an integrated project of six clustered zones Dubai logistic city, commercial city, residential city, aviation city and the golf city. Dubai logistics city is one of the largest industrial submarkets under construction. According to the latest research from cluttons, international real estate consultancy it has already attracted a number of high-profile players including integrated national logistics, emirates, sky cargo, Aramex etc. DWC has one more speciality. It has world’s only 7- star airport terminal for private aviation.

  • Sea

Dubai’s Jebel Ali port is the largest port in the middle east, it is likely to become the biggest container port in the world. The government of Dubai and DP world are working on the expansion plan of Jebel Ali port. According to the official statement, the current plan will multiply the total capacity of Jebel Ali port by seven, making it world’s biggest port, surpassing the ports of shanghai and Singapore. India and china are using it as a logistical hub for their African ventures. Due to its strategic location port is providing market access over 2 billion people across six continents. It is a gateway for over 90 shipping services connecting 140 ports in the world. The strategic geographical location and facilities made it the busiest port in the middle east, according to a research report revealed by arabiansupplychain.com based on statics of 2015. Port Jebel Ali is linked to Dubai’s express-way system and to the Dubai international airport cargo village. The rapid transportation facilities available in Dubai made it possible to achieve ship-air and air-ship connectivity in four hours. Dubai has two more ports Port Rashid and Al hamriya.

  • Land 

Dubai has one of the best road infrastructures in the world. According to world economic forum’s travel and tourism report (2013), the UAE has been rated second best in the quality of roads. Dubai is known for wide roads with disciplined traffic and centralised monitoring system by high-tech cameras and radar. The Dubai metro is world’s largest automated driverless train system, with more than 70 Km of magnetic tracks. The government is working on an extension of the metro route and connecting metro to expo 2020 site. Soon Dubai will enjoy connectivity with 1200 km long Etihad railway network. This network will connect all major population, trade and industrial zones across UAE. This will fulfil freight & passenger needs. Dubai will be connected with GCC rail network also. GCC railway is 2,117 km long rail network this will connect all six countries of gulf corporation counsel. Transportation of goods will become easy for UAE, Saudi Arab, Kuwait, Qatar, Bahrain, Oman. The Dubai government is developing 500 Km road network and 120 multilevel interchanges by investing $ 12 billion. The development work is expected to complete before expo 2020.

Local culture and heritage
Although Arabic is official language; English is the most widely spoken language in business rooms.  The company is hospitable and is ranked safe place to work.
You get a chance to enjoy the delectable local cuisine and Arabic culture in forms of art, music and architecture.

Before we conclude, we‘ll do a bonus section on major UAE cities which you can eye for a business setup.

  • Dubai: It is the most cosmopolitan city in all of UAE, tourists from all over the world visit Dubai for its shopping experience.
  • Abu Dhabi: Home to the richest, it is also the most planned and organized business center in UAE,
  • Sharjah: Sharjah airport international freezone is a premier freezone which attracts foreign investors.
  • Jebel Ali: It is a freezone on the western side of Dubai. Readymade facilities like business parks, office spaces are available for the customers.
  • Fujairah: The Fujairah freezone is an upcoming one and is attracting shipping and transport companies from all over the world.

So, are you excited to start up your own venture in the UAE?  If yes, then prep up your business idea and get in touch with international business consultant in UAE ,Namaccountants -who have guided thousands of business owners for successful business setup in this region.

With Namaccountant team’s international business men and local Middle Eastern exposure, you can rest assured that your business setup is taken care of.

Have more questions on how to go about?

Write to us at  Info@namaccountants.com

 

 

 

Guide To Setup Your Company in Dubai

company set up in dubai

We assist you to begin your business at your finest destinations in UAE. Dubai is one in every of the developed emirates that is appropriate to begin your business. Once a year in Dubai attracts several entrepreneurs from everywhere the world. all of them are stuck on the most questions” how to set up a Business in Dubai, UAE”. Here at all Time Business Setup give you the varied types of Business Setup in Dubai with award-winning service. The most factors are that you simply will begin your own business only with the help of one of the Business Setup Consultants to induce the Business Setup Services, native support areas in UAE.

Advantages

  • Low property transaction cost
  • Setups for Free Zone & Offshore
  • Ease of access to home and corporate finance
  • No capital gains tax
  • No corporate tax

Problems Faced By Businesses In Dubai

Company Setup in Dubai

Business setups are an example of what develops when distinctive assets meet up to share one practical body. In Dubai, these setups are too impossible to keep up the pace with, since there is quick increasing speed. There are new improvements and new companies developing practically consistently on this little island. It is apparent this upward trend in business setups is not backing off but rather it is also full of challenges and setbacks.

Here are the common problems while Company Setup in Dubai:

Build your network

Dubai is humming with movement and new opportunities however that does not mean there won’t be a due offer of difficulties confronted by the business people as far as setting up a system. For any business to prosper, it is essential to have a sound system in light of the fact that without it the market can’t be drawn closer in the desired manner. Dubai is one of those places where the business culture depends on favors which mean becoming more acquainted with different identities. At the point when individuals know about the agent on an individual level, it is less easy for them to form a business relationship.

Avoid a burnout

Dubai is continually buzzing with business movement and there is loads of energy that businessmen need to manage when they set up another business. Not every person feels versatile to thusly of hard working attitude yet some get acclimated to it and change their lifestyles according to it.

Cash flow management

Business people need to deal with their cash in a shrewd way. Dubai is known as the city of cash and it is easier to spend in this city as opposed to spare because of its inexhaustible offers in luxury. Regardless of whether it is fine eating or games car rides, Dubai incorporates all that a man could “need” however not really ‘require’. In this manner, it is imperative to oversee cash in a business setup as well as in the individual life to avoid over use.

Organized workflow management

Remaining composed is a struggle for some businessmen, particularly in Dubai where the work is quick paced and it is harder to adjust to the work process. However, the association is critical to a business’ prosperity and can be adopted even by the most disrupted entrepreneurs.

NAM ASSOCIATES CHARTERED ACCOUNTS, DUBAI

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UAE/Dubai Business

company setup in dubai

General Information about Business Setup in Dubai

To setup any business in Dubai, UAE the steps sketched out underneath must be attempted with a specific end goal to meet the legal necessities of all concerned government experts and to ensure most extreme business advantage for the entrepreneur:

  • Decide, at the beginning, the categories and sort of business activities to be practiced. If you don’t mind decide all the related business activities that can be incorporated into every business permit, subject to a most extreme of ten activities for every permit.
  • Decide the suitable business legal document for your business taking over the coveted business activities and the number and nationalities of the entrepreneurs.
  • Decide the trade name of the business. To survey the terms and conditions for the determination and endorsement of trade names.
  • Present an application to the Department for an Initial Approval and enrolling the trade name.
  • After getting the Initial Approval, you can rent premises and contact the counter of the Planning Department of Dubai Municipality with a specific end goal to confirm this said premise is suitable for the business.
  • Present an application to one of the Department outside branches for a signboard permit for a business trade name as required by the monetary directions.

Documents Required for Professional firms/company setup in UAE

  • Company profile
  • Financial statements for the last two years
  • Passport copy of the local service agent
  • Board resolution for establishing a branch and to appoint the manager for the same
  • Passport copy of the Manager
  • Attested copy(from UAE Embassy) of organization memorandum of association
  • Local service agency agreement duly notarized in the UAE courts

company setup

CHOOSE YOUR BUSINESS CONSULTANT IN DUBAI

NAM ASSOCIATES CHARTERED ACCOUNTS, DUBAI

Visit: www.namaccountants.com

Steps to Follow-Setting up a Business in Dubai

Company Setup in Dubai

Is it accurate to say that you are intending to set up your own particular business in Dubai? company setup in Dubai can be a difficult task but if the process is followed properly, this will be managed without many issues. In any case, there are a few obstructions that may hinder your progress. Following are the steps that should be taken after while setting up your business in Dubai:

Step 1: Planning and background research

Nothing in this world can work properly in the event that it is not arranged. Arranging is fundamental for the achievement. While setting up a new business in Dubai, you have to plan first. Recognize the objectives that your business or organization will follow. For gathering all this necessary information, foundation inquires about is also necessary. With the assistance of this research, you will have the capacity to distinguish the most suited procedures that should be taken after as indicated by the present trends.

Step 2: Licensing

The setting up of the new business is unimaginable without the proper licensing system. Regularly this step is ignored and the entrepreneur concentrates on the arranging and research much however you have to concentrate on it as soon as possible. As the licensing system may take some time, it is constantly best to deal with it previously. Ensure you pick the correct alternative for this reason.

Step 3: Choose the location of your business

The selection of the location won’t just rely on the distinguishing proof of where your office or the shop will be found. The choice of the location requires the thought of various imperative perspectives, for example, in the event that you plan to extend your business in future, you have to choose a location in which you will have the flexibility to do as such.

Step 4: The selection of the business registration agent

The most effortless approach to set up a new business in Dubai is to choose a business registration operator that will help in the finishing of this procedure. As they will have all the ability that is required in this procedure, they will finish the process quite easily.

Step 5: Understand the laws and restrictions

Every state of the country has a few confinements that should be taken after. You can’t conflict with the law that is the reason it is constantly best to have a deeper understanding of the laws and lawful systems that should be taken after while setting up a business.

Step 6: Itemizing the cost

The last and the most imperative stride with regards to setting up a business in Dubai is to separate the cost that will be spent in the entire procedure. You can get the assistance of a specialist to do this or you can also create a budget of your own.

What are the things consider while setup a business in Dubai, UAE

Company Setup in Dubai

Company Formation in UAE can be a daunting process for new investors. Setting up a new business or company requires a lot of different aspects. All these vital things should be considered to keep away from any hurtful results. Because of the developing business market of Dubai, the setup of new business or company in Dubai is always encouraged however you need to follow the rules and regulations. Apart from the residents, the market of Dubai offers innumerable chances to the people of foreign countries as well to invest and set their new business or company in Dubai.

Important points that should be considered while setting up a business or company in Dubai:

  1. Consider the eligibility and Visa requirement
  2. Choose the right sponsor.
  3. Consider free zone if you want 100% ownership.
  4. Select suitable location.

         1. Select suitable location:

Choosing the most reasonable area for your business in Dubai can be a precarious task. Your business can’t develop at a proper pace if your customers and clients can’t contact you. Besides, they chose area must outcome beneficial for the idea of your business. On the off chance that you are thinking about a free zone for your organization, the choice must be founded on the thought of cost, separate and other reasonable conditions for your product.

  1. Consider free zone if you want 100% ownership

Remember that there is just a single way through which you can have 100% responsibility for business and this restricted is to have your business situated in the free zone. However, the determination of this decision will rely on upon the idea of your business. Another purpose of the thought is that the buy and purchasing in the free zone can be somewhat costly yet there are some advantages like speed in beginning up to the process, 100% ownership and client’s limits without duty fee.

  1. Choose the right sponsor

There are a few laws that should be taken when it comes to setting up a company or business in Dubai. There are a lot of chances that enables you to contribute and begin the business but still if you have to start a business, you can likewise consider having a UAE national as an accomplice. He should be a partner in your business of around 51% which is the reason he will be considered as a neighborhood support. In a few circumstances, there is a predefined expense that should be paid to the support.

  1. Consider the eligibility and Visa requirement.

For beginning up a business, you have to consider the way that you and your representatives must have the allow to live and work in Dubai. Despite the fact that the visas are accommodated each kind of business, however, the criteria may shift as indicated by the size and the idea of your business. If you are setting up a local business, the visas will be worked with the assistance of your local sponsor.

 

Challenges to set up a business in Dubai, UAE

company formation in duubai

Set up a business in Dubai, UAE is a challenging processing. There are many aspects of company setup in UAE including, resident visas, legal requirements and license registrations that must be addressed before you begin to start business operations like customer need and product creation.

Benefits for company formation / Business Setup in Dubai:

  • No income tax
  • Low property transaction cost
  • No property tax
  • No corporate tax
  • No wealth tax
  • No capital gains tax
  • Ease of access to home and corporate finance

The common challenges are,

  1. UAE company ownership

The LLC Company formation in Dubai, UAE Compels on a partnership with a UAE national. The investor will only be allowed to have 49% of the possession in the company, while 51% of stakes will be owned by the UAE national.

  1. Find out the business Partner and investment

The importance of setting up a business, the budget and business partner is highlighted. The first one is finding a perfect partner who would own the major stake in the company.

  1. Building an organized working flow

To build a complete organized workflow. It is not uncommon to find relatively large organizations with workflow management systems that aren’t fit for purpose

  1. Manage Revenue

Managing income is crucial; the UAE can give opportunities of widening your business, it can be similarly risky. It was accounted for by the Association of Chartered Certified Accountants that 82% of startups fail as a result of poor cash flow management. While setting up a business in UAE there are different banks financial institutes that may approach you offering a credit or possibly you could be anxious to contribute or spend more than your ability.

  1. Consideration of the Communication & Culture values

UAE, Dubai is an Islamic country; set up a business in Dubai will be different from starting it in your own country. The level of business communication is distinctive in each world; in like manner UAE takes a formal approach and certainly are constrained. Likewise, men and ladies are imparted at various levels. Emirati culture is the sole of current UAE and Islam assumes an important role in people’s daily life.

company set up in UAE

How to set up a main office in Dubai, UAE?

Company Setup in Dubai

Setup a representative office or branch company in Dubai or anywhere around UAE, the business development team will guide you through the process of business setup in Dubai.UAE Provide various benefits of setting up a company.DCCA (Dubai Creative Clusters Authority) is responsible for the registration and establishment of companies in the Free Zone Business Communities.

Documents required to set up a company in UAE

  • Passport copy of the Manager
  • Financial statements for the last two years
  • Passport copy of the local service agent
  • Company profile
  • Parent Business formation certificate duly attested from the UAE embassy in the home country of the parent organization.
  • NOC letter in favor of the Manager from the sponsor, if he is a resident of the UAE

What you need to do to setup a business in UAE

  1. Investors fill an application

The investors are required to fill an application form with the ministry of economic and commerce.

  1. Take consent from the Economic Department

The ministry of economic will sent the application form to the UAE government for consent.

  1. Take approval from UAE foreign companies committee

The economic department forwarded the application to the foreign companies committees with the ministry of economic and commerce permit letter.

  1. Take the license from the ministry of economic and commerce

After the approval of the UAE Foreign companies, the ministry of economic and commerce provide the license of the company.

Company Setup in Dubai

Company registration in Dubai, UAE

Company Formation in UAE

Company registration in Dubai, UAE requires a permission and trade license from different law agencies and the state government for setting up your business. If you’re aiming to put one up in the city then here are some legal facts and terms you need to acquaint yourself with before you get started.

Three categories of licenses issued in Dubai to register a company

  1. Commercial License
  2. Industrial License
  3. Professional License

Commercial License: This license is issued to a company that will engage in any kind of trading activity.

Industrial License: This license is for those companies that will engage in manufacturing or any industrial activity.

Professional License: This license is issued specifically for service providers, professionals, artisans, and craftsmen.

Documents Required for Professional Firms

  • Company profile
  • Passport copy of the local service agent
  • Financial statements for the last two years
  • NOC letter in favor of the Manager from the sponsor, if he is a resident of the UAE
  • Board resolution for establishing a branch and to appoint the manager for the same
  • Financial statements for the last two years

Company Setup in Dubai